Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Gold Holds Gains as Oil Prices Retreat and Fed Decision Looms 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Asian Currencies Steady as BOJ Raises Rates and Markets Await Fed Decision 
Trump Questions USMCA Renewal as Trade Talks Continue 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
China Industrial Output Beats Forecasts as Domestic Demand Weakens 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Japan Trade Deficit Narrows as Exports Surge in May 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Oil Prices Recover Slightly as U.S. Crude Inventories Fall, But Iran Deal Caps Gains 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Gold prices climbed during Asian trading on Thursday, recovering from losses recorded in the previous session as investors reacted positively to the signing of an interim peace agreement between the United States and Iran. The renewed optimism surrounding geopolitical stability helped support demand for the precious metal, even as markets assessed the Federal Reserve’s latest policy outlook.
Spot gold rose 1.4% to $4,317.80 per ounce by 01:20 GMT, while U.S. gold futures edged 1% lower to $4,339.30. The rebound followed a sharp decline on Wednesday, when gold prices fell 1.7% amid a stronger U.S. dollar and higher Treasury yields after the Fed’s policy announcement.
Investor sentiment improved after Washington and Tehran signed a 14-point memorandum that initiates a 60-day negotiation period aimed at easing tensions in the Middle East. Under the agreement, Iran will permit toll-free passage through the Strait of Hormuz, a critical global energy shipping route, with plans to restore full traffic capacity within 30 days.
The U.S.-Iran peace accord has reduced concerns over potential disruptions to global oil supplies, easing fears of energy-driven inflation. While lower geopolitical risk typically limits safe-haven demand, gold continued to attract investors seeking portfolio protection amid ongoing economic uncertainty.
However, gains in the gold market remained limited after the Federal Reserve kept interest rates unchanged at 3.50% to 3.75%. The central bank also indicated that additional monetary tightening could still be on the table later this year.
According to updated Fed projections, nine of the 19 policymakers now expect at least one interest rate increase in 2026, signaling a more hawkish stance compared to earlier expectations. Higher interest rates generally weigh on non-yielding assets such as gold by increasing the appeal of interest-bearing investments.
Market participants will continue monitoring developments surrounding the U.S.-Iran negotiations and future Federal Reserve policy decisions, both of which are expected to play a key role in determining the direction of gold prices in the coming months.
